Re: Gold Soaring

On Nov 4, 7:13 pm, "Bruce Remick" <rem...@xxxxxxx> wrote:
"oly" <oly2...@xxxxxxx> wrote in message

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On Nov 4, 11:12 am, "note.boy" <note....@xxxxxxxxxxxxxxxxxxx> wrote:
"Bruce Remick" <rem...@xxxxxxx> wrote in message

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"Harv" <h...@xxxxxxxxxx> wrote in message
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"note.boy" <note....@xxxxxxxxxxxxxxxxxxx> wrote in message
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Your statement would only be correct if you only buy goods made in
the
USA,
which I doubt very much is the case. Billy

Hi..

in this day and age, if anyone living in the US were to buy ONLY goods
made
in the US (and be forced to throw out everything in one's home that
was
not
made in the US).. you would basically have to revert to 1950s, or
possibly
1960s living.. you'd have NO personal electronics of any kind, no
computer,
cell phone, VCR, DVR, you could have a teevee and a Stereo (which
would
play
ONLY vinyl), but forget about cable or satellite.. back to rabbit
ears..
you'd have to make most all of your own clothes, including your
shoes..
you'd be rather limited as to what kind of car you could own.. digital
cameras? forget it.. back to film.. cordless home phone?.. forget it..
back
to a 1960s Western Electric model.. you COULD have a refrigerator and
other
"white goods" as those are still US-made, although most of them use
some
amount of foreign-made parts, so maybe not..

Have you actually checked the prices of many of the items you
mentioned?
Imports or not, many are actually cheaper than they were a decade ago.
Computers, (analog)TV's, stereos, cameras, etc. Imports like these
are
available at relative bargain prices. Ironically, it's domestic "white
goods" appliances that seem to have gone through the roof lately. With
hundreds of different US auto models to choose from, I don't feel
limited.
Although most Japanese imports continue to be priced to compete with
comparable US models. In short, I don't believe there is a direct
relationship between relative value of the $US and the price of foreign
goods in the US, given the need to be competitive.

Regardless if a TV costs less now that it did numpty years ago as the
value
of the USA dollar drops all goods inported into the USA are more
expensive
that if had remained unchanged or had risen in value against other
currencies.

For the last paragraph of your statement to be true the cost of importing
goods from China into the USA would have be the same if the dollar was
worth
1 yuan or 1,000, which clearly they can't be. Billy

living in a home with 100% US-made goods ONLY would radically change
your
life, and in fact, you wouldn't even be able to read this posting in
any
way
that i can think of unless someone else printed it out and handed it
to
you
on paper :) ..

As long as the price is acceptable, I might choose an imported product
over a domestic one. But if the import price is inflated because of
the
value of the dollar, I'll either take the domestic version or will not
buy
the product at all. Sure, most everything in our homes has a foreign
tinge of some kind. But not all of these things automatically increase
in
price as the dollar decreases in value.

of course, you could still have a nice coin collection.. but you
couldn't
buy anything online, only through the mail.. seriously stop and think
about
it right now.. look around you at everything in your home.. imagine
removing
EVERYTHING not 100% US made.. (well.. you're not in the US anyway, are
you
Billy?.. but you know what i mean..) ..

I already have a computer that I bought several years ago before the
dollar started its international decline. It costs me no more to use
it
today. I'd even say that all our furniture is US-made, along with most
all
of the decorative accessories. I never made an effort to have it that
way, although we do favor American antiques and handmade US furniture.
Our TV's and small electronics are probably foreign-made, but the
prices
were right, so I didn't care one way or another.

So if I were to remove everything not 100% US made, I would probably
notice the impact, but it would have nothing to do with how much I had
to
pay for the non-US items that would disappear. Thankfully, most of my
coin collection would remain intact, but those pretty Panama 20 Balboas
would be missed.

Bruce- Hide quoted text -

- Show quoted text -- Hide quoted text -

- Show quoted text -

Should the U.S.A. get to a good galloping inflation (IMHO, we are on
the way already), domestic goods and imported goods will undoubtedly
NOT rise in tandem, lockstep.

But I think that you could make a case for the general price level of
domestically produced foodstuffs (milk, bread, hamburger and yes,
beer) being 20% higher than a year ago (or perhaps not a strict 12
mos, but from the start of 2006); and ethanol has nothing to do with
it.

Maybe not yet.



I come from a family of corn (maize) and soybean farmers, and we all
know what a joke ethanol is. The energy inputs (read "oil") to get
the ethanol exceed the energy produced from the finished ethanol
product. Ethanol is like hamburger helper, not hamburger itself.

I wasn't aware that corn and soybean farmers were the experts in future
ethanol use and development. Have you passed this analysis to the
government? Actually, I do agree with you. But the kneejerk process has
begun, according to reports I read, with the wheat farmers already
calculating their profits from converting to corn production.

My main concern at the moment, I believe the rise in price of our domestic
foodstuffs has little or nothing to do with the value of our dollar
overseas. As for beer, the price of a case of my current favorite "drinking
beer" has only increased by $1 over the past three years, from $11.99 to
$12.99 a 30-pack. I can certainly live with that.

Bruce- Hide quoted text -

- Show quoted text -

The average farmer is very very smart nowadays, otherwise they would
have been out of business decades before now. You may feel that
farming is heavily subsidized, but it is "the survival of the fitest"
perhaps even more than freaking coin flipping. The farmers are a
small, very smart minority nowadays. Farmers aren't investing in
ethanol production plants. They leave that to the oh-so smart city
people. Farmers realize that the present "push" for ethanol is about
the third round since the 1973 Arab oil emabrgo, and that investors in
the first two rounds lost 99 cents plus on the dollar of their
investments.

The farmers will do very well in what is coming down in America's
economic future - the only problem they will have is that so many of
their assets are immovable and will be taxed to death to support the
sponging city people - like yourself.

oly

.

Relevant Pages

  • Re: Gold Soaring
    ... Imports or not, many are actually cheaper than they were a decade ago. ... goods" appliances that seem to have gone through the roof lately. ... relationship between relative value of the $US and the price of foreign ... know what a joke ethanol is. ...
    (rec.collecting.coins)
  • Re: Gold Soaring
    ... Imports or not, many are actually cheaper than they were a decade ago. ... goods" appliances that seem to have gone through the roof lately. ... But if the import price is inflated because of the ... know what a joke ethanol is. ...
    (rec.collecting.coins)
  • Re: Gold Soaring
    ... "white goods" as those are still US-made, ... But if the import price is inflated because of ... know what a joke ethanol is. ... I wasn't aware that corn and soybean farmers were the experts in future ...
    (rec.collecting.coins)
  • Re: Gold Soaring
    ... "white goods" as those are still US-made, ... But if the import price is inflated because of ... know what a joke ethanol is. ... begun, according to reports I read, with the wheat farmers already ...
    (rec.collecting.coins)
  • Re: Gold Soaring
    ... "white goods" as those are still US-made, ... But if the import price is inflated ... know what a joke ethanol is. ... begun, according to reports I read, with the wheat farmers already ...
    (rec.collecting.coins)